Global Assets Advisory LLC Has $1.31 Million Holdings in Mastercard Incorporated (NYSE:MA)

Global Assets Advisory LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 207.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,556 shares of the credit services provider's stock after acquiring an additional 1,725 shares during the quarter. Global Assets Advisory LLC's holdings in Mastercard were worth $1,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Field & Main Bank increased its holdings in shares of Mastercard by 1.0% during the 1st quarter. Field & Main Bank now owns 2,242 shares of the credit services provider's stock valued at $1,229,000 after acquiring an additional 22 shares during the last quarter. Archford Capital Strategies LLC boosted its position in Mastercard by 15.9% during the first quarter. Archford Capital Strategies LLC now owns 8,311 shares of the credit services provider's stock worth $4,555,000 after purchasing an additional 1,142 shares during the period. Fourth Dimension Wealth LLC grew its holdings in Mastercard by 5.0% during the first quarter. Fourth Dimension Wealth LLC now owns 1,046 shares of the credit services provider's stock valued at $573,000 after purchasing an additional 50 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Mastercard by 1.2% in the first quarter. International Assets Investment Management LLC now owns 16,924 shares of the credit services provider's stock valued at $9,277,000 after purchasing an additional 206 shares during the period. Finally, Petros Family Wealth LLC lifted its stake in shares of Mastercard by 7.5% in the first quarter. Petros Family Wealth LLC now owns 619 shares of the credit services provider's stock worth $339,000 after buying an additional 43 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average target price of $611.50.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 310 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total value of $173,910.00. Following the transaction, the director now directly owns 8,323 shares in the company, valued at approximately $4,669,203. This represents a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,383 shares of company stock worth $19,035,108. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of NYSE:MA traded down $2.99 on Thursday, hitting $546.71. The stock had a trading volume of 3,764,036 shares, compared to its average volume of 2,665,094. The firm's 50 day moving average price is $561.86 and its 200-day moving average price is $545.04. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a market capitalization of $498.44 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.31 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard's dividend payout ratio is 21.32%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.